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Message: JV to major?...

Re: JV to major?...

posted on Oct 07, 2009 02:59PM

At the show Brian said one rig was drilling continuously on the GM all summer, a second was moved to another location and would return to drill one more hole on GM prior to the cutoff for inclusion in the 43-101 data. He mentioned they chose to drill holes in other properties prior to the renewal of the option on a property or were mandated by the agreement to do a certain amount of work per year in order to maintain the option.

At the presentation he mentioned they intend to drill the lake on the GM if the ice is strong enough this winter. They are not stopping but controlling the expenses.

He also said that a deep drill takes 3-4 weeks of continuous drilling 24/7.

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